Get started
UFLEX LTD.UFLEX LTD.UFLEX LTD.

UFLEX LTD.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals

UFLEX trade ideas

Uflex wave countsCurrent wave count as per my view. Cycle : wave 2 Primary : wave A(In case of zigzag correction) or wave B(In case of Flat correction) Intermediate : wave 4(In case of zigzag correction) or wave A(In case of Flat correction) Primary 5 has taken a form of an ending diagonal with an truncated 5th intermediate wave.This is followed by 2-4 trendline and wave 4 low breach in a shorter duration then wave 5 took to form giving two stage confirmation of trend reversal. Possibilities of the form of current correction 1)Zigzag Generally wave 2's are zigzag,not necessarily but in general,if that's the case then Intermediate count would be 4 and price should not touch 517 level as per this chart and should make new lower low for intermediate wave 5 of primary A which would then be followed by wave B bounce followed by wave C decline to complete 5-3-5 zigzag structure. 2)Flat If price touches 517 as per this char,then rule of impulse would be violated meaning correction will be a Flat one with 3-3-5 structure of which primary A is done @ 428 and primary B is in progress.Now where this B will terminate cannot be known but depending upon it will be the form of the flat correction will be decided upon which we can calculate target for wave C to complete cycle wave 2(considering correction not being an complex one). Irrespective of either form of correction that we are in wave C is yet to come for both form of correction (Zigzag/Flat) hence as per this count longs previously held should be covered in this current bounce once we get a close below previous day low. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis
NSE:UFLEX
by UNDERDOG-29
4
UFLEX LONG TERM PATTERN This is something I observed with this stock. This pattern has its own risk and rewards. This is where do and die situation. Either you can the huge amount of profit or limited loss if a stop loss is in place I notice this lately. This trade is still valid. I can't able recollect the name of the pattern. but one of the strong patterns is based on yearly weekly charts. The stock has a huge amount of volatility. I Will update asap. do opine what you think of...
NSE:UFLEX
by sameeromles